renewable energy investment

Northvolt Starts Building Germany Battery Gigafactory With 60 GWh Annual Capacity

Updated On Tue, Mar 26th, 2024

by Saurenergy

Northvolt Starts Building Germany Battery Gigafactory With 60 GWh Annual Capacity

Germany-based Northvolt has started the construction of its battery gigafactory Northvolt Drei. The occasion was joined by Federal Chancellor Olaf Scholz, Vice Chancellor Robert Habeck, and Minister-President of Schleswig-Holstein Daniel Günther, together with Northvolt CEO and Co-Founder Peter Carlsson and Northvolt Drei CEO Christofer Haux, who started piling machinery at the industrial site outside the […]

Bangladesh Wind Plant Built By Chinese Firm Starts Operation In Cox Bazar

Updated On Tue, Mar 26th, 2024

by Saurenergy

Bangladesh Wind Plant Built By Chinese Firm Starts Operation In Cox Bazar

With the last wind-driven generator installed, Cox’s Bazar wind plant, the first centralised wind power project in Bangladesh invested and constructed by Chinese enterprises, was fully put into operation on Sunday, reported Chinese news agency Xinhua. The wind power project, located in Bangladesh‘s southeastern Cox’s Bazar district, some 400 km away from capital Dhaka, is […]

US Announces $6 Billion To Clean Heavy Industry Sector

Updated On Tue, Mar 26th, 2024

by Saurenergy

US Announces $6 Billion To Clean Heavy Industry Sector

The US Department of Energy (DOE) has announced up to $6 billion for 33 projects across more than 20 states to decarbonize energy-intensive industries, reduce industrial greenhouse gas emissions, support good-paying union jobs, revitalize industrial communities, and strengthen the nation’s manufacturing competitiveness. Funded by the President’s Bipartisan Infrastructure Law and Inflation Reduction Act, the projects […]

Barclays, Lightsource bp Sign $140 Million Deal For Louisiana Solar Project

Updated On Wed, Mar 20th, 2024

by Saurenergy

Barclays, Lightsource bp Sign $140 Million Deal For Louisiana Solar Project

Barclays and Lightsource bp have announced that they have committed to a $140 million tax equity deal which will finance the construction of the Prairie Ronde 180MWdc solar project in St. Landry Parish, Louisiana. According to a media statement by Lightsource bp, the deal is one of the first to be led by Barclays’ new […]

Strategic Investors For Sterling & Wilson Data Centre Business, Unit To Be Hived Off

Updated On Wed, Mar 20th, 2024

by Saurenergy

Strategic Investors For Sterling & Wilson Data Centre Business, Unit To Be Hived Off

Sterling and Wilson Private Limited (Sterling and Wilson/ SWPL), a Shapoorji Pallonji Group Company, and one of India’s leading engineering, procurement, and construction (EPC) companies, announced that it has signed definitive agreements with a group of strategic investors to carve out its Data Centre business into a new entity. A frontrunner amongst its peers, Sterling […]

Germany-based RWE Begins Building 330 MW UK Solar Projects

Updated On Mon, Mar 18th, 2024

by Saurenergy

Germany-based RWE Begins Building 330 MW UK Solar Projects

Germany-based clean energy company RWE has initiated work related to seven projects, representing 330 megawatts (MW) of new, clean electricity capacity, now entering construction in the United Kingdom. The projects are the first to be constructed from the solar portfolio secured by RWE through its acquisition of JBM Solar, one of the UK’s largest independent […]

Canada-Based Brookfield Asset Management Commissions Solar Plant In Bikaner

Updated On Fri, Mar 15th, 2024

by Saurenergy

Canada-Based Brookfield Asset Management Commissions Solar Plant In Bikaner

Canadian investment firm Brookfield Asset Management announced the commissioning of the first phase of a solar energy project in Bikaner, Rajasthan. “This marks a significant milestone in the development of what is poised to be India’s largest renewable energy park with inter-state transmission system connectivity,” stated the company in its media statement. The first phase […]

IndiGrid Wins 360 MWh BESS Project In Gujarat Awarded By GUVNL

Updated On Fri, Mar 15th, 2024

by Saurenergy

IndiGrid Wins 360 MWh BESS Project In Gujarat Awarded By GUVNL

Mumbai-based IndiGrid, an Indian power sector infrastructure investment trust (InvIT), recently announced that it has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL). IndiGrid received this letter to design, supply, test, install, commission, operate, and maintain a 180 MW / 360 MWh Battery Energy Storage System project (BESS) in Gujarat. […]

The PM Free Solar Power Scheme- Challenges Ahead

Updated On Thu, Mar 14th, 2024

by Saurenergy

The PM Free Solar Power Scheme- Challenges Ahead

The Pradhan Mantri Surya Ghar: Muft Bijli Yojna (PMMBY), going by the hype around it, has achieved one of its key objectives already. Perhaps no other announcement around solar has triggered the sort of coverage and expectations like this single announcement from Prime Minister Narendra Modi to power 10 million households across India with solar […]